Analysis of Some Cryptos & Crypto Market Capitalization

News / 30.12.2019

Bitcoin and the cryptocurrency market capitalization are revealing bullish signs. There could be a steady move to the upside by ETH, LTC, XRP, BCH, XLM, TRX, BNB, and EOS.

As regards the performance of BCH/USD, the pair began a modest move to the upside following a consolidation over the support at $185. The price surged by over 5 percent, thereby breaking the hurdles at $200 and $205.

At the moment, the price is over $210 and buyers seem to aim at $225 hurdle. More gains could soon position the pair for additional upsurge towards $250.

BNB is regaining its losses and was able to surge over the hurdle at $14.00 recently. Its price is on the upside by almost 5 percent and it is currently over $14.20. The immediate key hurdle is close to $14.50 and a move over it could lead to $15.00 hurdle zone.

The price of LTC was able to form a modest support base close to $40.00. The price embarked on a steady rise and was able to break the hurdles at $41.20 and $42.50. Currently, it is over $43.00 with several key resistances facing it close to $44.20 and $45.00 levels. The price may be supported at $41.20 on the downside.

The price of TRX is maintaining the support at $0.0130 and it is regaining its losses. It remains over $0.0135 and may try to surge over the hurdle at $0.0140. If it closes over $0.0140, the price could attain $0.0150.

A look at the 4-hour chart of cryptocurrency market capitalization shows a modest recovery over the hurdles at $182.0B and $185.0B. Its value surged over $190.0B and visited the hurdle at $195.0B.

At the moment, it is consolidating close to $190.0B, with supports close to $185.0B. A look at the upside on the same chart shows that a surge to $200.0B could soon bring about powerful gains for many leading cryptos.


Featured image courtesy of Shutterstock. Source: Cryptopress.

Dacosta Osei-Tutu, a first degree holder in Nursing, who couples his Nursing career with blockchain blogging, has a great passion for the blockchain technology and aims to play a vital role in applying this revolutionary technology to disrupt the healthcare system in Africa.